LiveOne's (NASDAQ: LVO) Tesla Partnership Hits Milestone 500K+ Users

Rhea-AI Summary

LiveOne (NASDAQ: LVO) has announced reaching over 500,000 Tesla users through their partnership, with projections to exceed 550,000 users by February 1st. The expansion includes 150,000+ new ad-supported subscribers as the company begins broader rollout to Tesla vehicles this week.

The company is leveraging AI and data mining to create new revenue streams from its growing user database. CEO Robert Ellin highlighted strong conversion rates among Tesla subscribers and expressed confidence in securing additional B2B partnerships. LiveOne anticipates generating $25M+ in revenues from partnerships with major companies including Spotify, Apple, Samsung, iHeart, Facebook, TikTok, and upcoming collaborations with Fortune 500 media conglomerates.

Positive

• Achieved 500,000+ Tesla users milestone
• Projected growth to 550,000+ users by February 1st
• Addition of 150,000+ new ad-supported subscribers
• Expected $25M+ revenue from B2B partnerships

Negative

• None.

Insights

Data Analytics Expert

The partnership milestone of 500,000+ Tesla users represents a significant data acquisition opportunity. The projected growth to 550,000+ users by February 1st, including 150,000+ new ad-supported subscribers, creates a robust dataset for AI-driven monetization. The rapid user acquisition rate suggests strong product-market fit within the Tesla ecosystem.

The combination of premium automotive user data with entertainment consumption patterns creates unique monetization opportunities. This dataset enables sophisticated audience segmentation and targeted advertising, potentially commanding premium CPMs. The projected $25M+ in revenue from B2B partnerships indicates strong commercial validation of LiveOne's data strategy.

The expansion of partnerships with major tech platforms (Spotify, Apple, Samsung) suggests a scalable B2B model. The integration of AI and data mining capabilities positions LiveOne to extract higher value per user through personalized content delivery and advertising optimization.

Business Strategy Analyst

This milestone marks a pivotal transformation in LiveOne's business model, evolving from a pure entertainment platform to a data-driven enterprise. The Tesla partnership provides several strategic advantages:

• Direct access to a premium user base with higher lifetime value potential
• Validation from a major automotive tech leader
• Leverage for negotiating future partnerships

The rapid user acquisition rate and high conversion percentages suggest strong product-market fit. The strategy to leverage existing partnerships with major platforms while pursuing new Fortune 500 media collaborations indicates a well-structured growth plan. The focus on AI and data mining signals a shift toward higher-margin revenue streams through sophisticated data monetization.

Market Research Analyst

With a current market cap of $109.5M, LiveOne's Tesla partnership milestone could significantly impact valuation metrics. The projected revenue contribution of $25M+ from B2B partnerships represents a substantial portion of the company's value. The rapid user growth and expansion plans suggest potential for multiple revenue streams through:

• Direct subscription revenue
• Ad-supported user monetization
• Data licensing and B2B partnerships

The company's strategic positioning at the intersection of automotive tech and entertainment creates unique market opportunities. The expansion of partnerships with major tech platforms indicates strong potential for scalable growth and increased market share in the digital entertainment space.

- Projects 550k+ Users by February 1st

- Including 150K+ New Ad-Supported Subscribers

- Limited Rollout to Tesla Cars, Expanding Rapidly

- Utilizing AI and Data Mining to Monetize Database

LOS ANGELES, Jan. 16, 2025 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today that it has reached a milestone of 500,000+ Tesla users. After an initial rollout to Tesla subscribers, the partnership will begin expanding the rollout this week.

Robert Ellin, Chairman and CEO of LiveOne, commented, “We're thrilled to see a large percentage of Tesla subscribers converting to LiveOne. Our company is quickly transforming into a formidable data company, leveraging AI and data mining to unlock new revenue streams. This milestone reinforces our confidence in securing additional B2B partnerships, similar to those with Spotify, Apple, Samsung, iHeart, Facebook, TikTok, and new partnerships with Fortune 500 media conglomerates, which we anticipate will generate $25M+ in revenues, as announced last Friday.”

About LiveOne
Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available in Tesla vehicles and on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter at @liveone. For more investor information, please visit ir.liveone.com.

Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; LiveOne’s ability to extend and/or refinance its indebtedness and/or repay its indebtedness when due; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, filed with the November 14, 2024, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

LiveOne IR Contact:
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com

LiveOne Press Contact:
LiveOne
press@liveone.com

Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and Twitter at @liveone.

FAQ

How many Tesla users does LiveOne (LVO) currently have?

LiveOne (LVO) has reached a milestone of 500,000+ Tesla users as of January 16, 2024.

What is LiveOne's (LVO) user projection for February 1st, 2024?

LiveOne projects to reach 550,000+ Tesla users by February 1st, 2024, including 150,000+ new ad-supported subscribers.

How much revenue does LiveOne (LVO) expect from its B2B partnerships?

LiveOne expects to generate $25M+ in revenues from B2B partnerships with major companies including Spotify, Apple, Samsung, and others.

What technology is LiveOne (LVO) using to monetize its user database?

LiveOne is utilizing AI and data mining technologies to monetize its database and unlock new revenue streams.

Which major companies are partnered with LiveOne (LVO)?

LiveOne's partnerships include Tesla, Spotify, Apple, Samsung, iHeart, Facebook, TikTok, and upcoming collaborations with Fortune 500 media conglomerates.